TMX’s indexing pivot bears first fruit
The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

An index provider acquired by TMX has helped to swell the group’s overall revenues by 18% relative to the first half of 2023.
VettaFi, which the Canadian exchange bought in January 2024, is a US-based data, analytics, and indexing provider that also provides tools to help asset managers with distribution following the launch of a new fund.
The group’s financial results for the first half of 2024 showed that the value of assets tracking VettaFi’s indexes has more than doubled since the beginning of
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